Malaprop's Bookstore becomes employee-owned (2018)
After 36 years under its founder, Malaprop's in Asheville, NC, transitioned to an employee-owned cooperative when the owner retired. Employees pooled resources to buy the store and preserve its independence.
The store continued operations under employee ownership.
It remains a cultural anchor and a model for independent bookstore succession.
Shows a path where a beloved indie bookstore survives a change in ownership through an internal buyout, similar to Books & Mortar's external community purchase.
